Odfjell SE : Successful placement of new unsecured bond issue

Odfjell SE has successfully completed a new unsecured bond issue of NOK 700 million with
maturity date in January 2021. The bond issue was substantially oversubscribed.

The net proceeds from the contemplated bond issue will be used for general corporate purposes, including part refinancing of existing bonds and potential future growth opportunities.

In conjunction with the bond issue the company has purchased NOK 119.5 million of the outstanding bonds ODF04 (ISIN NO 0010641715) at a price of 101.0.

Danske Bank Markets and DNB Markets acted as joint lead managers in connection with the placement of the new bond issue.

An application will be made for the bonds to be listed on Oslo Børs.

For further information, please contact:

Terje Iversen, CFO/SVP Odfjell SE
Tel: +47 55 27 00 00
terje.iversen@odfjell.com

Tom A. Haugen, VP Finance
Tel. +47 55 27 00 00
tom.haugen@odfjell.com